# Gates County

### Summary

- **19.8%** share of renter households
- **35.1%** share of low-income households
- **20.7%** share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households             | % share  |
|------------------------|----------|
| Renter households      | 821      | 19.8% |
| Homeowner households    | 3,318    | 80.2% |
| Total households      | 4,139    | 100.0% |

#### Low-income renter households

| Households                     | % share       |
|--------------------------------|---------------|
| Extremely low-income (≤30% AMI)  | 152           | 18.5% |
| Very low-income (31-50% AMI)   | 100           | 12.2% |
| Low-income (51-80% AMI)         | 36            | 4.4%  |
| All low-income households (<80% AMI)| 288        | 35.1% |

#### Rent-burdened households

| Households                     | % share       |
|--------------------------------|---------------|
| Moderately rent-burdened      | 35            | 4.3%  |
| 30.0–34.9%                    | 26            | 3.2%  |
| 35.0–39.9%                    | 9             | 1.1%  |
| 40.0-49.9%                    | 0             | 0.0%  |
| Severely rent-burdened        | 135           | 16.4% |
| ≥50.0%                        | 135           | 16.4% |
| All rent-burdened households   | 170           | 20.7% |

### Affordable housing shortage

#### Rent vs median household income

| Year   | Median household income ($) | Median rent ($) |
|--------|----------------------------|------------------|
| 2010   | 24,187                     | 292              |
| 2021   | 43,566                     | 745              |
| Increase (2010–2021)         | 80.1%            | 155.1%          |

#### Affordable housing stock

| Metrics                      | Units   |
|------------------------------|---------|
| Supply (current stock)       | 608     |
| Demand (total units needed)  | 238     |
| Shortage                     | -136    |
| Total shortage                | -136    |
| Supply/demand ratio          | 255.5%  |

## HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                                  | Type                               | Year | Zipcode | Low-income Units | LIHTC Allocation ($)   |
|---------------------------------------|------------------------------------|------|---------|------------------|------------------------|
| HIGHBRIDGE OVERLOOK                   | New construction                   | 2014 | N/A     | 154              | 1,804,887              |
| IRVINGTON FAMILY APTS                 | New construction                   | 2007 | N/A     | 99               | 1,378,252              |
| HILLTOP VILLAGE                       | New construction - Acquisition and Rehab | 2012 | N/A     | 200              | 504,385                |
| HUNTINGTON RESERVE                    | NA                                 | 2006 | N/A     | 168              | 424,046                |
| HOLT + HAMILTON FAMILY APARTMENTS     | New construction                   | 2016 | N/A     | 61               | 1,557,010              |
| INTERVALE GARDENS LLC                 | New construction                   | 2008 | N/A     | 65               | 659,087                |
| HOMES OF RENAISSANCE PRESERVE II      | New construction                   | 2012 | N/A     | 88               | 1,510,000              |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                 | 2013 | N/A     | 39               | 674,261                |
| IMPERIAL GARDENS FAMILY APTS          | New construction                   | 2009 | N/A     | 76               | 1,142,750              |
| HOLLY HEIGHTS I + II APARTMENTS      | Acquisition and Rehab              | 2016 | N/A     | 41               | 435,816                |

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